GBP/USD – 30M – SELLThe combination moves from the descending trendline down.
A continuation of the downward movement down to the next support line at 1.29668 is expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 1.30147 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.30572 |
| 2nd High | 1.30151 |
| Next High | 1.30147 |
| Current Price | 1.29357 |
| Next Low | 1.29668 |
| 2nd Low | 1.29577 |
| 3rd Low | 1.29393 |